Rise despite global uncertainty

Consumer confidence rose 1.3 points last week to 85.5 points. The four-week moving average grew 0.3 points to 85.5 points.

‘Weekly inflation expectations’ lifted 0.3 percentage points to 4.9 per cent. while the four-week moving average was steady at 4.7 per cent.

‘Current financial conditions’ (over the last year) decreased 2. 5 points, while ‘future financial conditions’ (next 12 months) jumped 5.4 points.

‘Short-term economic confidence’ (next 12 months) increased 3.9 points, and ‘medium-term economic confidence’ (next five years) ticked down 0.1 points.

The ‘time to buy a major household item’ subindex eased 0.2 points.

“ANZ-Roy Morgan Australian Consumer Confidence rose 1.3 points last week to 85.5 points. This was largely a reversal of falling confidence about the 12-month outlook in the previous week,” said ANZ Economist Sophia Angala.

“Consumer confidence, on a four-week moving average basis, has remained within a tight 85–88 point range since late October 2024. It seems that the upward pressure on confidence from improving domestic incomes is being offset by increasing risk in global economic activity from ongoing tariff announcements.

“Alongside the 0.3 percentage point rise in ‘Weekly inflation expectations’ last week, global trade uncertainty is likely continuing to impact household confidence.”

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